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Survival and Preparations Long and short term survival and 'prepping'. |
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#283
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Metals took a hit today due to continued strength in the US dollar. That strength is due to the dollars dominance in world trade. No other currency comes close.
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#284
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I'm diversified,powder ,primers, lead,cases, bullet molds etc.
__________________
http://i1150.photobucket.com/albums/...0fa5fefab1.jpghttp://i1150.photobucket.com/albums/...Untitled-2.jpghttp://i1150.photobucket.com/albums/...tar76148_1.jpg "Everyone has two lives,the second one starts when you realize you only have one " |
#286
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So
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Thought I'd note the OP. $1482 then $1324 now. Lost a $158 - enough for three bricks of 22LR even today. $25.70 then (silver) $21.77 now, - loss $3.93 maybe a box of 50 rounds of 22LR I think I'd rather shoot the ammo then lose it trading in PM's. |
#288
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Explanations on this?
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#289
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Opine
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#290
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Today it's $1,341 and I'm a buyer. Gladly give you $1,325 for your loss
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#291
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My speculative explanation: stock market hover around mid 15k due to holiday shopping. The dollar is still, pathetically, the worlds strongest currency. QE remains. All this will bring gold/silver prices a bit lower until the tapering begins after 2nd quarter.
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#292
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On the TAPER.
It's funny how we think the Feds can actually stop the taper and not replace the printing with something else. With the next years committed expenses we are $18 Trillion in debt. The Feds are buying our debt because no one else will in the quantities needed. The Gov. only collects $1.1 Trillion in income taxes of its people. To service our debt costs roughly 3% or $540,000 billion a year, but this figure is cheap based on historical averages. For every 100 basis points(1%) the treasury interest rate rises, the peoples must come up with $180 Billion or 16.36% addition income taxes. Historically, rapid rate of inflation equals higher treasury rates, economic slowdown or recession, depression equals lower rates. So too will be the amount of taxes generated washing the system to an equilibrium. Our problem is as far as the eye can see, is we are burdened with $1 Trillion in deficit spending annually. This means a 9% increase in taxes annually or a lower standard of living, we get a mix of both currently and some off setting of higher fees/taxes for businesses who haven't fled the country. This in turn causes unemployment and reduced wages. So when it comes to stopping the QE/printing, like Peter Schiff says , it ain't happening, something WILL replace it. Since Congress refuses to balance our budget, we as individuals must prepare ourselves for continued reduction in our standard of living. This is not so easy as our Freedoms are being suppressed on a weekly basis. Land and metals are hard assets they just don't make anymore and we see people flocking to them. We have all heard the rich buy income producing land and how some Tom Dick and Harry are buying precious metals (fact, PM sales are through the roof globally). In the end, I can make gun powder, grow food, desalinate the ocean or capture rain but I sure can't grow an Island or create Gold/silver out of anything. So the next time I hear someone say, oh yeah the taper will end, excuse me if I giggle because it is mathematically impossible, or when someone says PM's are stupid to own in a physical form...carry on, I enjoy the discount ! http://leverageacademy.com/blog/2011...ar-ticker-tmv/ Last edited by sixoclockhold; 09-27-2013 at 11:42 AM.. Reason: mix of words |
#293
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Why one has to have nerves of steel to buy physical metals or any financial instrument.
============= “If the CFTC discovered that the rigging of the monetary metals markets is essentially government policy, being conducted through intermediaries, then it would not be able to act against government agents. By federal law, the Gold Exchange Act of 1934 specifically authorizes the US government to rig not only the gold market, but to rig any (financial) market surreptitiously through the Exchange Stabilization Fund. If the CFTC has discovered that market rigging is taking place because of US government policy, then according to law there is nothing to be done about it.” “I bumped into the Exchange Stabilization Fund and JP Morgan back in 2001, when we were underwriting Reg Howe’s lawsuit against the Bank for International Settlements, the Fed, the US Treasury, JP Morgan, and other bullion banks. Reg was charging them with gold market manipulation. In one hearing I attended in US District Court in Boston, an assistant US attorney got up, speaking on behalf of the US government, and he said that the US government under the Exchange Stabilization Fund Statute, the Gold Reserve Act of 1934, had precisely the power to interfere with the pricing of gold that the lawsuit complained of -- that is, a US government lawyer declared in open court, in 2001, that rigging the gold market as government policy is totally authorized by law. You will find the US Treasury Department quoting the Gold Reserve Act as saying the Exchange Stabilization Fund can intervene, as I said previously, not only in the gold market, but in any financial market. This intervention power is essentially an economic declaration of war against every other nation in the world." http://kingworldnews.com/kingworldne..._The_CFTC.html ======= One has to question the fact physical gold is heading East. Is this because a default on our treasuries will cause severe pain to China/Japan unless they increase their Gold reserves? Japan just went crazy and said we will print instead, give China the Gold? I'm expecting a reset of world reserve currency someday and possibly a confiscation effort at least in the west. Although the reset should compensate one with the new currency and reward those who saw the light early. Without fair compensation, confiscation won't work. The powers that be just can't have everyone swapping green for gold, there just isn't enough to go around. Keep the price suppressed and whipsawing, making it distasteful to most. |
#294
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There's already precedent for confiscation at an arbitrary amount specified by the government. Too low could/would trigger a 5th Amendment suit, of course...
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"No free man shall ever be debarred the use of arms. The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." -- Thomas Jefferson 9mm + 5.56mm = .45ACP + 7.62 NATO = 10mm + 6.8 SPC = Et Verbum caro factum est et habitavit in nobis; Jn 1:14 |
#295
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I doubt there will be a confiscatory effort to what Americans have possession of, especially silver as its not worth the blood shed.
It does lead me to wonder about ETFs though. We know they only need 20-25% of their shares in actual bullion but if they are worth billions, hundreds of billions then confiscation of their holdings would be a pretty easy way for govt to do that. America's market is too grand for the elites to waste over a monetary reset. The elites like the status quo, and have used govt / Fed to keep that status quo. With out a war to mess it up I suspect the status quo will continue for our life time....well I'm older than most. PMs and other assets will continue to deflate once the printing ends. |
#296
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Buy high and sell low !!!
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California's politicians and unionized government employees are a crime gang that makes the Mexican drug cartels look like a Girl Scout Troop in comparison. |
#297
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I stand corrected !!
Gold $1324
Silver $21.75 although........ gold will likely bounce around in a tight trading range for the next few months, then do a swan dive heading into January of next year, where I expect gold will move below $1,178 — and likely bottom around the $1,035 level, or just slightly lower, under $1,000. And then I will tell you to "back up the truck" on gold. For, you see, during gold's ensuing new bull market leg higher — it will finally play catch-up with inflation, it will also rise as European and U.S. governments fall from their perches into a heap of rubble — and gold will begin an ascent that will take it to well over $5,000 an ounce. Ricky Ricardo/aka Dezi Arnaz |
#299
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2112, I concur on your forecast for gold. What's your best guess on the low for silver?
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#300
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You have to remember that the price of gold is no longer based on anything but greed. A must see for anyone interested in PMs http://www.youtube.com/watch?v=cd7x8jorSOA
ratled |
#301
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Thanks for posting, great vid, I will be buying moar.... |
#302
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I've been following the Gold/Silver market for a while. I do a little technical analysis and based on what I see/speculate, there could be a double bottom coming within a month or so.
Gold/Silver hit a multi year low in late June and we may hit it again or possibly go a bit lower. If so, I think the 'cartel' will cover their remaining short positions. This could be an opportunity to buy if you believe that the PM's are going higher. I could imagine high $15 for Silver as a one day event... Then head into a multi year bull market where the 'cartel' would be long. Just my .02 |
#305
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These guys have always been honest and fair to me. http://www.providentmetals.com/?r=homelink/
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May I always be the type of person my dog thinks I am |
#309
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Go...Stop
All one needs to know about where we are headed. Listen CAREFULLY to 9:00-17:00
Take aways: The liquidity will never be withdrawn. We were in a crisis equal to the depression and spinning out of control. We are going, but we will STOP again. Two choices, GO but with runaway inflation or STOP again ! Both options imo are good for PM's now since we have fallen in price. A year ago he was right in predictions. |
#310
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If you're a stacker, this is music to ears as is the recent slide in paper metal prices, good time to continue acquiring. Silver premiums on Eagles are increasing, US mint to shut down 2013 minting early Dec. as I recall. Then a month of nada....Get em while they are hot.
China to import 30% more gold next year. Nice vault ! 10 year rate is moving up again toward 3%...ouch on the budget. http://www.bloomberg.com/news/2013-1...goes-east.html |
#312
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Where are you guys buying your silver eagles? I want to pic up 10-20 of them for x-mas gifts. Best price I found locally is spot +4$
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Shop Amazon and contribute to CGF! click this link before going to amazon.com http://www.shop42a.com www.appleseedinfo.org "Everyone has a plan, till they get punched in the face." -Mike Tyson |
#313
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GUYS
Diversify....... Have #10 cans of food Silver Bullets Cases of Pmags Name brand bolt carriers Reloading components Stored gasoline Bullets 22LR ammo in massive quantity (50k +) Etc etc etc |
#314
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In all seriousness, ammo is a good investment, even in good times. It rarely goes bad, it has intrinsic and utilitarian value, and it's readily convertible into cash when needed. If you're looking at it as a prepper, copper wire of varying sizes, nails, machine screws, and basic hand tools are all good investments.
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I use to be an anarchist but I quit that; there's too many rules. |
#316
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karma ? The blessings I experience every day are far better than the wrath I deserve. Thankfully, there is no such thing as karma. Proof being that if it did exist we would all most assuredly be dead NRA PATRON LIFE MEMBER |
#317
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During the market correction that will come soon I predict we will get gold down to 1125 and silver we'll under 20. If we see any real financial bubbles break we might even test $1000 and $16.
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